More Videos
- TeleMedicine Gets An Apple App Store Facelift
- iPhone Gets Big Stamp of Approval
- Jobs Returns, But Who's Running the Show?
- Jackson Juices Yahoo's Traffic
- Jackson, Inc. Becoming An Online Boom
- Giving Palm Credit Where Credit is Due...To a Point
- Is It Time For Google To Worry?
- Jobs' Doctor Speaks
- Palm: Opportunity Or Irrational Exuberance?
- Jobs and Hospital Answer the Critics
|
CNBC'S MOST SHARED
- Market 360: The Week's Best & Worst
- Fireworks At Pharma's Market
- Value of Warren Buffett's Annual Gift to Gates Foundation Falls Along With Berkshire's Stock
- Michael Jackson: The Music And The Money
- Five Stock Picks for This Market
- Realities of the New Obama Refis
- Weak Dollar Means Gold at $1,040: Strategist
- Court Ruling Could Mean Trouble for TiVo
- Lance, Please Back Out Of Tour
- UBS Says It Stays Committed to US Brokerage
- Plan to Sell General Motors' Assets Is Approved
- China Launches Major Step to Yuan Internationalization
- China Says 140 Die in Rioting
- Obama's Russia Visit to Bring Over $1.5 Billion in Deals
- UK Spy Chief's Wife Posts Life on Facebook
- BOJ Shirakawa: Japan Corporate Finance Still Tight
- Alcoa to Post Loss — What Does This Mean?
- Biden: 'We Misread How Bad The Economy Was'
RSS FEED
Text Size 
 |
Manuel Balce Ceneta |
Analyst Andy Hargreaves focuses on Apple's [AAPL
Loading...
()
] iPhone and its momentum in the marketplace, even in the face of the oncoming Blackberry Bold from Research in Motion [RIMM
Loading...
()
], and the upcoming Palm [PALM
Loading...
()
] Treo Pro running Windows Mobile 6.1 from Microsoft [MSFT
Loading...
()
].
Hargreaves reports this morning that Apple's iPhone "browser share has nearly doubled to 0.31% since the 3G launch." It's a key metric that shows market penetration and customer use. Says Hargreaves: "Accelerating web usage highlights iPhone’s key long-term advantages."
For that reason, and Apple's new distribution deal with Best Buy [BBY
Loading...
()
], he suspects Apple will easily sell more than the 3.5 million iPhones in its third quarter that Wall Street expects.
And if you accept the premise that mobile will be everything in tech in the very near future, and that Apple isn't merely offering a me-too smart phone, but a new Apple platform to take advantage of that trend, then Hargreaves' assessment is quite literally right on the money.
I think Wall Street is finally coming around to the longer term prospects for Apple, focusing on the technology this company is developing and the trends they address. The key for investors is that those so-called "long-term" prospects are already here, and yet the stock hovers in a very narrow range.
There's a reason why so many targets are above $200 a share (and why Hargreaves sits at $235 this morning): Consumers seem to know what some investors are having trouble grasping -- or believing: that Apple might be positioned better in so many key markets than any of its competitors.
Does that mean Apple hits those $200-plus targets today? Tomorrow? Next week? Probably not. But the targets are more than realistic. And based on trends and technology, likely sooner than later.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes